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Huobi Global sets to launch Huobi Token (HT)

Leading Global Blockchain Asset Service Provider, Huobi Global, will officially be launching Huobi Token (Token Name/Symbol: HT) on 23 January 2018, Tuesday, 8PM GMT+8. Over 300-millions tokens will be distributed over 15-days.

Leading Global Blockchain Asset Service Provider, Huobi Global, will officially be launching Huobi Token (Token Name/Symbol: HT) on 23 January 2018, Tuesday, 8PM GMT+8. Over 300-millions tokens will be distributed over 15-days.

HT is a point system based on blockchain distribution and management, running natively on the Ethereum blockchain with ERC 20. HT can be used in various ways, of which, the most basic use of HT is for the discount on trading fees, of up to 50 percent.

Huobi Token (HT) is not an initial coin offering (ICO). Users can only get HT by purchasing ‘Point Card’ on Huobi Pro. Point Card is Huobi’s pre-paid card for basic service charge. 1 point = 1 USDT. For example, if you purchase the 1,000 Point Card package, is will only cost USDT 990, and you will get 1,000 HT for free. Points can be used for offsetting the trading fees.

Distribution method:

Huobi Global will only be distributing and strictly limiting to a fixed total of 500-million HT, never to be increased.

%

Amount (HT)

Distribution

60%

300,000,000

will be given as gifts with the purchase of Point Cards on Huobi Pro, over 15 days.

20%

100,000,000

will be used for user rewards and platform operations.

20%

100,000,000

will be used as team incentives. Tokens are locked for 4- years and 25-million tokens will be distributed each year.

Each quarter, Huobi Pro will use 20% of its profits to buyback the Huobi Tokens in the open market. All the HT that were bought back will be allocated to Huobi Investor Protection Fund (HIPF) in a certain proportion. The HIPF is used to protect investors’ benefits and compensate for the losses by Huobi users when risks occur in the platform, to ensure market stability and protect the interests of investors.

For example if the quarterly profits of Huobi Pro is US$100-million, Huobi Pro will be using $20 million to buyback HT consecutively over a period of time.

Value of HT:

With the HT you can buy different grades of VIP membership, which provides you trading different fee discount percentage accordingly, up to 50%.

In the future, HT will be available for usage on Huobi Global Platforms such as Huobi Japan, Huobi Korea, and Huobi Wallet.

The official announcement to the public, will be available on Huobi Pro on 22 January 2018, Monday, 8PM GMT+8.

For more information about Huobi Global, Huobi Pro, and Huobi Token, visit https://www.huobi.pro

ABOUT HUOBI GLOBAL

Subordinate to Huobi Global, Huobi.Pro is a creative digital asset exchange serving global traders. Huobi.Pro is devoted to exploring investment opportunities. Currently, we provide trade and investment service of nearly 10 digital assets. Our Headquarter is located in Singapore and is run by Huobi Global Team.

Huobi Global is the Leading Global Blockchain Asset Financial Service Provider. We have offered quality service for over millions of users from over 130 countries. Our independent service centers are located in many countries including Singapore, Korea, Hong Kong (China) and China Mainland. In terms of technology platform, product branch line, security risk management system, operation and customer service, Huobi Group and its sub-brands are at a world-leading level compared with global peers.